Corporations: Supersonic Boom

Rock music has brought fortunes to
hundreds of youthful performers, offbeat promoters and once unknown
musical entrepreneurs. As a cultural phenomenon that knows no season,
rock has also made the nation's record industry immune to this year's
economic slump. Recording companies expect to reach an alltime sales
peak of $1.8 billion in 1970, a 14% increase. The company that has
profited most from the trend is Columbia Records, a division of
Columbia Broadcasting. In the past three years, Columbia has doubled
its share of the record market, to 22%, an amount almost...